Price Reduced - In business since 2013 with profits exceeding $200,000 in 2019. Reduced to sell at $165,000. This is an Asset sale only. Fully equipped and ready to go, Bring your own concept. Included with the sale is All Furniture Fixtures & Equipment, a long Lease and the ABC Type 47 Hard Liquor License ready to operate. Not included is the Name, Employees, Menus, Recipes and Training. Financials below are for 2019. No cost was spared on this first class Bar & Restaurant. Located in the University city of Davis with an appealing front patio seating 35 and an immaculate dining room for 72 inside & a private room for 25 and 8 barstools. 18 Craft beers on tap using two Glycol systems for the beer stored in a rear walk-in. The tables, chairs & place settings are all beautifully laid out along with a craft wood back bar and a hardwood floor throughout. The front line Kitchen has a 12ft Type 1 hood with fire suppression system, 6 burner with oven, flattop, broiler, deep fryer, salamander, refrigerated under counter protein storage and 2 refrigerated worktops plus steam tables. The rear prep kitchen has a 6ft Type 1 hood with fire suppression system with 6 burner stove with oven and deep fryer. Four 6ft stainless steel prep tables with many upright fridges, large food mixer & high temp dishwasher. So much rear storage for dry goods and large ice machine, office and a veg prep room for handmade french fries etc. If it's an easy handover you are looking for with no more investment required you won't find a better restaurant opportunity. To receive more information and discuss this opportunity with the broker please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with historic financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
General Info
- OrganizationLLC
- Established2000
- Current Owner2013
- EmployeesContact for Info
- Reason For SaleOther Interests
Facilities
- Seating72 + 35 Patio
- Square Feet1,709 + 444 Front Patio
- ParkingStreet
- LicensesHealth, Business & ABC Type 47 Transfer
- Open HoursContact for Info
Lease
- Rent$4,500 Inclusive of NNN
- Expiration2023
- Yearly Increase3%
- OptionTwo 5 year Options
- DepositContact For Info
Financials
- Monthly Revenue$70,833
- Monthly Cash Flow$17,177
- Annual Revenue$850,000
- Annual Cash Flow$206,118
- Payroll23,747
Financing
- Down PaymentContact For Info
- Note BalanceContact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.